‘’iFactor marks a number premieres on the Romanian market, firstly the company has garnered strong support from both domestic and foreign investors and has proved that it is a viable but more importantly a necessary product. Impetum Group’s vast experience in multiple areas, and particularly in the business distress area (through CITR and ROCA Investments) will aid us not only in overcoming the obstacles that we’ll undoubtedly encounter as an emerging fintech but more importantly in shaping the iFactor product as the go-to option for SME financing” Cosmin Curticapean iFactor CEO & co-founder said. ‘’I have chosen Roca X as a main partner due to the synergies that our product has with Impetum Group’s existing brands and business lines, additionally we share a common vision which represents an important asset that fuels our drive towards our final goals. The company has multiple products in development and is currently focusing on optimizing and strengthening its current offering. iFactor plans to heavily scale-up its operations in the next two years, starting from Romania, its expansion plans target markets such as the UK, Germany, Austria and Switzerland. The amounts raised will support the company in developing its services, as it aims to offer European private investors access to a new class of investment assets. IFactor, an innovative fintech that aims to democratize SME lending receives its seed funding in a round led by ROCA X and becomes the first Romanian startup to be listed on the London-based equity crowdfunding platform Seedrs.
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